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After Donald Trump's supporters storm the Capitol in Washington, the outgoing US president could run into serious financial difficulties.
Since then, important donors have turned away from him, including Deutsche Bank.
According to media reports, the largest German financial institution does not want to do any new business with Trump and his companies.
A spokesman declined to comment, stating that Deutsche Bank generally does not comment on individual customer relationships.
The US Signature Bank is clearer.
The institute, which has stood by Trump's side for years, is turning its back on the US president and demanding his resignation.
This is "in the best interests of the country and the US citizens," writes the bank on its website.
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Trump's financial situation is considered tense.
The US president is deeply in debt.
Its loan-funded hotels and golf clubs have been in deficit for years.
Between 2000 and 2018, the losses of his golf departments are said to have added up to 315 million dollars.
His hotel in Washington is also always in the red.
The corona crisis has exacerbated the problems.
The income has collapsed.
Millions of dollars in loans are due in the coming year, and a dispute with the IRS could become very costly for the president.
Overall, Trump is in the chalk with banks with more than $ 420 million.
Deutsche Bank accounts for around 340 million dollars.
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These loans will mature in 2023 and 2024 and will likely have to be repaid in full by then.
So far, according to reports, the Trump Organization has only paid the interest - but without delay.
Trump's reputation on Wall Street is badly damaged
Since Trump is personally liable for the loans, the bank could pursue foreclosure against him if it actually does not extend the term and he cannot repay it.
Whether Trump will be able to raise the gigantic sums will therefore be exciting.
In any case, he cannot hope for the support of his long-time advisor at Deutsche Bank, Rosemary Vrablic, whom the president is said to have once introduced as "Head of Deutsche Bank".
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She left the Frankfurt money house before Christmas.
And the other banks are also likely to be very cautious.
Trump's reputation on Wall Street is extremely damaged.
Deutsche Bank was Trump's house bank at times and granted him large loans to finance real estate before his presidency.
The institute is said to have lent the real estate entrepreneur around two billion dollars over the years.
The money house had granted him loans long after other banks had withdrawn.
The relationship endured some stress.
The Frankfurters fell out with the real estate mogul over ten years ago.
At that time there was a dispute over loans worth millions - instead of repaying them, Trump sued the bank for allegedly contributing to the financial crisis of 2008, which in turn caused him to be in financial difficulties.
Trump's presidency then turned into a debacle for Deutsche Bank.
Democratic politicians repeatedly asked them to publish details of the relationship with the president.
High-ranking representatives tried again and again to examine Trump's relationship with Deutsche Bank.
Journalist David Enrich paid special attention to it when describing the bank's scandals in his book "Dark Towers".
Opponents of the president speculated again and again about a connection between possible Russian campaign assistance for Trump and a black money affair in which Deutsche Bank was involved through its branch in Moscow.
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For months, US media have repeatedly reported that the bank wants to part with its most prominent customer.
According to the reports, Deutsche Bank managers ran various scenarios on how to get rid of the Trump loans.
When he's no longer president, it would be easier to insist on repaying the loans, selling them, or going into foreclosure if Trump couldn't repay or refinance the loans.
Now the Deutsche Bank could use the riots at the Capitol as an opportunity to cut business relations.
Cristiana Riley, who has been running the US business of the Frankfurt money house since last January, stands for the new beginning.
The manager condemned the riots in Washington at the career network Linkedin with clear words: "We are proud of our constitution and stand by those who try to uphold it to ensure that the will of the people is respected and a peaceful change of power takes place," wrote she.
Since the storm on the Capitol, more and more companies have turned their backs on Trump.
The short message service Twitter blocked his account permanently.
His tweets indicated the risk of incitement to violence, the rationale was.
Shortly before the attack on the Capitol, Trump had again warned in a speech in front of thousands of demonstrators in sharp words of alleged election fraud.
In the meantime he has admitted his defeat to the Democrat Joe Biden.
This is how the US is preparing for the inauguration of Biden
Joe Biden is inaugurated as US President on January 20.
After the storm on the Capitol, further cheers and unrest are feared.
Meanwhile, Donald Trump is facing impeachment proceedings.
Source: WORLD / Max Hermes